Mercuria, investing upstream, mulls SWF link

Mercuria, one of the world’s biggest independent energy trading companies, said on Thursday it was considering a range of ways of raising capital, including a possible tie-up with a sovereign wealth fund.
Chief Executive Marco Dunand said Mercuria was spending up to $400 million a year on upstream assets, including oil and coal reserves. It has funded investments so far mostly through its own cash flow and has also issued some debt……………………………………….Full Article: Source